Admit it, you knew this was coming. General Electric (GE) announced that it would fire 12,000 workers in its power business–nearly 20% of the unit’s workers–as it seeks to drive down costs and turnaround the struggling business. That power has been a big problem hasn’t been a secret. In fact, it’s one of the […]
By Ernest Scheyder and Erwin Seba HOUSTON (Reuters) – Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company’s refining and chemical operations, part of a push to boost profits amid volatile oil and natural gas prices, a spokeswoman said. The changes at the world’s largest publicly traded oil producer are the most […]
There’s no two ways about it — 2017 has been a magnificent year to be an Apple Inc. shareholder. Since the calendar flipped to January, shares of Apple are up more than 50%, more than triple the return of the rest of the S&P 500 over that same time frame. But with Thanksgiving right around the […]
By Henning Gloystein SINGAPORE (Reuters) – U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut will be extended. U.S. West Texas Intermediate (WTI) crude futures were at $58.65 a barrel at 0252 GMT, down […]
An employee uses a fuel pump to fill a customer’s vehicle with unleaded petrol in Dubai, United Arab Emirates, on Monday, July 4, 2011. Abu Dhabi National Oil Co., known as Adnoc, may take over petrol stations owned by Emirates National Oil Co. and Emirates Petroleum Products Co. in the northern emirates, Gulf News said, […]
Stitch Fix shares debut on the Nasdaq at $16.90, having priced at $15 the previous night. The online retail service raised $120 million in a downsized IPO that priced below its indicated range of $18 to $20. Following troubles at Blue Apron and Snap, which have tumbled since going public in 2017, analysts and investors […]
FILE PHOTO: A woman exits the Viacom Inc. headquarters in New York, U.S. on April 30, 2013. Viacom Inc, owner of MTV, Comedy Central and Paramount, said Thursday it expects high single-digit declines in revenue from U.S. cable TV operators and online distributors in the first half of 2018, sending its shares down 8 percent. […]
A 1000 gram gold bar is seen at the Kazakhstan’s National Bank vault in Almaty, Kazakhstan September 15, 2017. REUTERS/Mariya Gordeyeva By Vijaykumar Vedala (Reuters) – Gold prices were little changed on Thursday after upbeat U.S. economic data bolstered the prospects of interest rate increases next month and beyond by the Federal Reserve. Spot gold […]
By Vijaykumar Vedala (Reuters) – Gold prices inched down on Tuesday, with the dollar holding steady on higher U.S. Treasury yields amid uncertainty over the outlook for tax reforms in the United States. Higher U.S. bond yields can pressure gold prices as they reduce the appeal of non-yielding bullion, while a stronger dollar makes the […]
Amazon Worth a Trillion a Year From Now, Says Morgan Stanley Amazon (AMZN) will have as much profit from new lines of business — cloud computing, subscriptions, and advertising — in five years’ time as it does today in retail sales, according to Morgan Stanley’s Brian Nowak, who reiterates an Overweight rating the stock, and a $1,250 […]
A successful investor understands the importance of adding well-performing stocks to the portfolio at the right time. NVIDIA Corporation NVDA is one such technology stock that has been on a healthy growth trajectory of late. Shares of this California-based graphic chip behemoth have rallied nearly 5% since its reported solid third-quarter fiscal 2018 results. Moreover, the stock […]
Yahoo Finance’s call of the week is a series of downgrades on Snap (SNAP), the parent company of Snapchat. UBS, JPMorgan, RBC Capital Markets, Stifel and Morgan Stanley all lowered their ratings on the social media company following its disappointing third-quarter results. The bearish calls sent shares tumbling. The stock is down 16.4% since reporting […]
